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Sep 16, 2018

ChargePoint hopes to operate 2.5 million EV chargers by 2025

ChargePoint currently operates around 54,000 EV charging points -- sure,
it's but a fraction of the number of gas pumps in the world, but it's
relatively plenty. Even Tesla's growing Supercharger network only has
11,013 chargers at this point in time. Someday, however, those 54,000
chargers won't be enough, so the company has decided to install a lot
more EV chargers in North America and Europe over the next few years.
ChargePoint chief Pasquale Romano has announced at the Global Climate
Action Summit that the company plans to deploy 2.5 million charging
spots by 2025.
Romano said the plan was devised as a response to experts' assumption
that Europe and North America will serve as home to as many as 20
million electric vehicles on their roads by mid-2020s. Automakers are
bound to release more EV models in the coming years, and it's no secret
that they're trying to make them as affordable as possible. "Our
commitment to deploy 2.5 million charging spots by 2025 comes as the
company embarks on the most significant period of growth in our history
and in the midst of a revolution in transportation," he explained.

To be able to reach that goal, ChargePoint has to deploy over 350,000
chargers per year over the next seven years. It took the company 11
years to reach the point that it's operating 54,000 chargers, so it
clearly has to work a lot faster and perhaps make some strategic
partnerships to make its 21st century gas station vision a reality.